"The New Republicans" by Paul Krugman at the NY Times

There has been a lot of talk since the election about the possible emergence of a new faction within the Republican party, or at least among the conservative intelligentsia. These new Republicans, we’re told, are willing to be more open-minded on cultural issues, more understanding of immigrants, and more skeptical that trickle-down economics is enough; they’ll favor direct measures to help working families.

So what should we call these new Republicans? I have a suggestion: why not call them “Democrats”?

There are three things you need to understand here.

First, on economic issues the modern Democratic party is what we would once have considered “centrist”, or even center-right. Obama’s Heritage-Foundation-inspired health care plan is to the right of Richard Nixon’s. Nobody with political influence is suggesting a return to pre-Reagan tax rates on the wealthy. Fantasies about Obama as a socialist, redistributionist hater of capitalism bear no more resemblance to reality than fantasies about his birthplace or religion.